Max Capital Group Announces David Kalainoff Will Lead Reinsurance Operations in Bermuda and Ireland
HAMILTON, Bermuda--(BUSINESS WIRE)--Nov. 23, 2009--
Max Capital Group Ltd. (NASDAQ:MXGL; BSX:MXGL BH) today announced that
David Kalainoff has been appointed President of Reinsurance Operations.
W. Marston (Marty) Becker, Chairman and Chief Executive Officer of Max
Capital Group Ltd., commented: "Dave is a longstanding and valued member
of Max’s senior leadership team and is well equipped to assume
management responsibility for all of the Group’s reinsurance activities
outside of Lloyd’s. Dave has an impressive track record as a reinsurance
underwriter and is a very capable leader. During the past several years,
he has successfully built a profitable book of casualty reinsurance
business for Max. We believe that Dave has the skills, experience and
motivation that will be critical as we seek to further develop our
global reinsurance platform.”
David J. Kalainoff joined Max in 2003, most recently serving as Managing
Director Reinsurance and Executive Vice President and Chief Underwriting
Officer, Casualty Reinsurance of Max Bermuda. David has 30 years of
casualty underwriting experience, most recently with Transatlantic
Reinsurance Company in New York, where he served as Senior Vice
President of Specialty Casualty. Prior to joining Transatlantic in 1996,
he held management positions at Fireman’s Fund Insurance Company and
Continental Insurance Company. David holds a Bachelor of Science degree
in Business Education from Arizona State University and an M.B.A. from
Operating from offices in Bermuda, Ireland, the USA and at Lloyd's, Max
Capital Group Ltd. is a global enterprise dedicated to providing
diversified specialty insurance and reinsurance products to
corporations, public entities, property and casualty insurers, and life
and health insurers.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This release includes statements about future economic performance,
finances, expectations, plans and prospects of Max Capital Group Ltd.
that constitute forward-looking statements for purposes of the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those suggested by such statements. For further information regarding
cautionary statements and factors affecting future results, please refer
to Max Capital's most recent Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q filed subsequent to the Annual Report and other
documents filed by Max Capital with the SEC. Max Capital undertakes no
obligation to update or revise publicly any forward-looking statement
whether as a result of new information, future developments or otherwise.
Source: Max Capital Group Ltd.
Max Capital Group Ltd.
Susan Spivak Bernstein,
Kekst and Company
Kulakoff / Peter Hill, +1-212-521-4800